The Australian Wealth Management Awards 2024 took place last night (8 May) at The Star in Sydney.
The awards are a pioneering initiative of Momentum Media’s wealth publishing network, encompassing Money Management, Super Review, ifa, InvestorDaily, and SMSF Adviser. These championed the achievements of the best and brightest in the nation’s wealth management industry.
A total of 25 winners were chosen out of 228 finalists across every sector of the wealth management industry at the inaugural awards. These included members in asset management, financial advice, advice technology, superannuation, and SMSF.
The winners were chosen across six wealth management product and/or service provider categories, nine investment categories, three super fund categories, three SMSF product and service provider categories, and three adviser/planner categories.
Click here to view the full list of winners.
Over 360 members of the wealth management industry attended the inaugural awards ceremony to celebrate the achievements of their colleagues and network with industry leaders and peers.
Australian comedian and satirist Mark Humphries assumed emcee duties and provided entertainment and laughter throughout the evening.
The black-tie gala ceremony showcased the depth of talent in the nation’s leading professionals and businesses in the wealth management industry while affirming the sector’s essential role in supporting the expansion of Australia’s economy.
The entire industry gained national recognition for excellence at the premier awards night, from executives to rising stars, as well as asset and fund managers, super funds, insurance firms, innovative technology firms, dealer groups, custodians, ETF providers, and financial advisers.
To determine the winners, the finalists were invited to submit a five-minute video submission, covering key performance indicators connected with their market specialisation. They could also provide supporting information and adviser testimonials to bolster their submissions.
A panel of industry stakeholders, including leading advisers from the ifa Excellence Awards and interconnected professionals – such as the Momentum Media wealth management editorial leadership team – assessed all information to determine the winners for each category.
For adviser-focused categories, winners were determined by a panel of industry representatives and corporate judges, alongside the Momentum Media wealth management editorial leadership team. Click here to view the methodology.
“I would like to congratulate all the winners and thank everyone that joined us at our inaugural Australian Wealth Management Awards,” managing editor of wealth management Maja Garaca Djurdjevic said.
“We were honoured to celebrate the remarkable achievements of professionals throughout the wealth management industry nationwide, whose hard work, dedication, and innovative spirit continue to pave the way for the industry’s success.”
New research has shown that investing in alternative assets and using active management has, to this point, delivered strong results for Australian super funds.
Australia’s $4 trillion superannuation industry is fundamentally reshaping the nation’s external accounts, setting the stage for a more sustainable current account surplus despite weaker commodity markets.
Rest has expanded its portfolio of renewable energy infrastructure by supporting a Victorian solar farm and battery project.
Economic growth was weaker than expected, once again highlighting an economy largely sustained by population growth and government spending.